November 6, 2001  

Daily Bankruptcy News

Brought to you by BKINFORMATION.COM - The Source for Business Bankruptcy Information on the Internet 

Also available on the Web (with links to the news stories)  at: http://bkinformation.com/News/DailyNews.htm

Prior editions available at http://bkinformation.com/bankruptcy_news.htm

         
Be aware of revisions to UCC Article 9
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Buffett now sees value in bankrupt firms
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Shareholders fight Coram Healthcare's plan
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Bankruptcy Reform:

Sensenbrenner wants to move bankruptcy bill
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Bankruptcy conference is official
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Report urges international bankruptcy law for debt
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Can bankruptcy laws be exported? - Trend Toward Closer Harmonization of US and Canadian Laws Continues
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A Keen Eye for Valuable Junk - High-yield fund manager Patel thrives in bad times
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Bankruptcy Auction a Pretty Deal on Prime Manhattan Sites
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Bankrupt ABC-NACO To Sell Assets, Proposes Bid Procedures
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Telecoms:

The Bells Aren't Ringing - Economic and telecom woes show up on their bottom lines
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Letter from Sen. McCain to Sens. Daschle and Lott on NextWave Auction
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At Home creditors mull strategy to sink AT&T deal
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Ricochet services sold by the government?
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ICO Global, Teledesic scrap merger
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Industries don't expect to bounce back quickly
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Frederick's May Await Holiday Sales Before Filing Plan
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G4 purchases Vitts assets at discount
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Dotcoms:

Not a standard dot-com tale
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Does Egghead Deserve To Be Fry-ed?
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Time Runs Out for ZeroPlus.com
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Exodus Commun Wins Court Approval Of $200M Financing
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Not so dotty to buy up bust dot.coms
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Are Europe's Dot-Coms About To Crumble?
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Bankrupt dot-coms play fast and loose with privacy
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RHI faces hundreds of thousands of asbestos lawsuits
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North Carolina Files Suit Against Vermont Company Over "Debt Reduction" Legal Services
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Fight Over Comdisco's Business Unit Rages On -- Company plans to recommend Hewlett-Packard's bid at bankruptcy hearing
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A Bankruptcy Case Can Be Reopened, Within Certain Limits
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Alamo City, Texas, Toy Maker Files for Bankruptcy
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Investors File Suit Against Bank over George Young Cattle-Buying Allegations
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HMG Worldwide Gets Interim Court Approval For DIP Pact
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Judge denies $400,000 in compensation for Planet Hollywood CEO
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Anchorage: High and dry - City Mortgage bankruptcy hits employees hard

Concord, NH: Roofer who faces dozens of lawsuits files for bankruptcy
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  Planet Hollywood CEO Loses Ruling
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Airlines:

Police on airport guard as Sabena faces bankruptcy
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Sabena staff walks out ahead of decision whether to file
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Once-United Airline Industry Squabbles
Over $10 Billion in Loan Guarantees
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Belgian Premier in Crisis Talks with Sabena Unions
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Laid-off flight attendants turn promoters for National
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Sabena likely to go bankrupt this week
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Bare walls at Aer Lingus as art sale stems losses
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British Airways sees passenger falloff
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TWA logo fades into the wild blue
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Belgium's Sabena to suspend operations on Wednesday
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Divided Ottawa in no rush to aid Air Canada
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Where’s Our Bailout? - Airport operators complain that security costs have skyrocketed since Sept. 11, and relief remains a long way away
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Air fare system at the brink - Complex software not designed for post-Sept. 11 travel environment
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Debt Collection - A $13 Billion Industry in Transition
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Startup Acorn succumbs to slump, files bankruptcy
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Economy:

Listen up, kids, the word is recession
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Global Economy Slipping Fast
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Attacks now whipping boy for economy
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Service Sector Contracted Sharply
In October in the Wake of Attacks
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Rate cut would leave little wiggle room
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U.S. layoffs surge in October
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Lessons From Photobition's Bankruptcy

Palomar Launches New Debt Acquisition Business
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Steel:

Higher offer seen for Erie Forge
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Bethlehem Steel gets $450M DIP
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Bethlehem Steel Wins Final Court OK Of $450M DIP Loan
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After Unlucky 13 Years, Retailer Pathmark Bounces Back
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Polaroid:

Auction of Polaroid ID unit draws ire
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Investor group backs managers for Polaroid ID unit
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Spike in Bexar County, Texas, Foreclosure Rate Is a Troublesome Sign
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After the Tech Implosion, Measuring the Shock Waves
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Opportunities begin to arise from others' distress
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LCI hopes to escape Aladdin burden
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New Bankruptcy Opinions
(4 new opinions today)

Bankruptcy Jobs
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Bankruptcy Court Web/Pacer Site Directory

Power Utilities:

PG&E's Net Income More Than Triples
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San Francisco Measures Pose Threat to Beleaguered PG&E
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Free-marketeer Enron hits the skids
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PG&E's Profit Is Boosted
By Reimbursement Proceeds
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Law Firm Restructuring:

Wilson Sonsini Promotes Smallest Class to Partner
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Scruggs unit withdraws Chapter 11
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Bankrupt Merrimack, N.H., Optical Systems Firm Is Hiring Again
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Preferences? Indiana fraud victims ordered to send back restitution money
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Moody's Downgrades Providian
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Holiday sales seen modestly up despite retail gloom
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Armstrong Holdings Directors Get More Cash, No Stock
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England:

Maxwell son 'month from bankruptcy'
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How Byers 'Misled MPs' On Railtrack Closure Date
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Bankruptcies are 'quiet before storm
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Equitable faced closure in 1998: Evidence published on website may strengthen investors' case
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Byers denies misleading shareholders over 'willful destruction' of Railtrack
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Lloyd's staggered by Sept. 11 attacks in US
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Insolvencies drop despite economic concerns
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Sept. 11 rocked UK businesses
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The Administrators: On track of huge fortune
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Poland:

Court rejects application for car maker's bankruptcy
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Argentina:

Argentina takes hard line in talks to avoid default
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Argentina Battles to Avoid Default
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Hong Kong:

It Turns Out Failure Is A Growth Industry
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Canada:

Swiss-based company, B.C. towns unite in bid to rescue Skeena Cellulose
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Japan:

Nagasakiya to miss plan deadline
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Tokyo warning over bank capital
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Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C.  You can reach us at 281-242-6208 or at admin@bkinformation.com 

Copyright 2001  [BKINFORMATION.COM]. All rights reserved.